Golden Eagle Competition
| HYP Etf | 26.65 0.25 0.93% |
Golden Eagle vs Spinnaker ETF Correlation
Poor diversification
The correlation between Golden Eagle Dynamic and GEND is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Eagle Dynamic and GEND in the same portfolio, assuming nothing else is changed.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Golden Eagle's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Golden Eagle Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Golden Eagle and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Golden and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Golden Eagle Dynamic does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Golden Eagle Constituents Risk-Adjusted Indicators
There is a big difference between Golden Etf performing well and Golden Eagle ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Golden Eagle's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCHS | 0.91 | 0.20 | 0.15 | 0.63 | 0.66 | 2.41 | 4.72 | |||
| PCEM | 0.83 | 0.20 | 0.15 | 0.37 | 0.81 | 2.13 | 4.31 | |||
| EAFG | 0.80 | 0.13 | 0.12 | 0.26 | 0.77 | 1.62 | 4.51 | |||
| BEDZ | 1.02 | 0.04 | 0.05 | 0.13 | 0.99 | 2.62 | 5.98 | |||
| BFRE | 0.60 | 0.06 | (0.04) | (7.96) | 0.75 | 1.48 | 3.47 | |||
| HIMY | 4.65 | (1.39) | 0.00 | (0.74) | 0.00 | 6.77 | 27.68 | |||
| DUKX | 0.56 | 0.13 | 0.12 | 0.29 | 0.46 | 1.30 | 3.41 | |||
| NZUS | 0.61 | (0.12) | 0.00 | (0.06) | 0.00 | 1.12 | 4.45 | |||
| GEND | 0.56 | 0.17 | 0.19 | 0.34 | 0.34 | 1.35 | 3.40 |
Golden Eagle Competitive Analysis
The better you understand Golden Eagle competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Golden Eagle's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Golden Eagle's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Golden Eagle Competition Performance Charts
Five steps to successful analysis of Golden Eagle Competition
Golden Eagle's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Golden Eagle Dynamic in relation to its competition. Golden Eagle's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Golden Eagle in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Golden Eagle's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Golden Eagle Dynamic, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Golden Eagle position
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Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 43 constituents at this time.
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Check out Golden Eagle Correlation with its peers. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Golden Eagle Dynamic is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Eagle's value that differs from its market value or its book value, called intrinsic value, which is Golden Eagle's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Golden Eagle's market value can be influenced by many factors that don't directly affect Golden Eagle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Golden Eagle's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.